Sociologists Do Not Define the Cause of Unemployment Simply in Terms

question 107

Multiple Choice

Sociologists do not define the cause of unemployment simply in terms of individual shortcomings because

• A)profit-generating strategies include laying off employees.
• B)people may decide to quit their jobs.
• C)employees have the power to stay if they really want to.
• D)most people are good workers.

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Definitions:

Accumulated Postretirement Benefit Obligation

The estimated total future postretirement benefits that a company is expected to pay, recognized as a liability.

Pension Liability

The present value of the future retirement benefits that an employee has earned up to date, representing an obligation of the employer to provide pension benefits to its employees.

Projected Benefit Obligation

Projected Benefit Obligation (PBO) is an actuarial valuation that estimates the total amount a company expects to pay for employee pension benefits in the future.

Accumulated Benefit Obligation

The actuarial present value of all benefits attributed by the pension benefit formula to employee service rendered prior to that date, whether or not the benefits are vested.